Limited Liability, Without The Company Overhead.
An LLP gives partners limited liability without a board, an AGM, or a statutory audit until you cross the thresholds. We draft the agreement around your actual arrangement, and file Form 3 inside the 30-day window.
An LLP is the right structure for professional and services businesses whose partners are actively involved and who have no plan to raise equity. It is lighter than a company, no board, no AGM, no statutory audit until turnover exceeds ₹40 lakh or contribution exceeds ₹25 lakh. The catch is the penalty structure: ₹100 per day per form with no upper cap, on two annual filings that must be made in sequence.
Two Forms A Year. Miss Them And The Arithmetic Gets Ugly.
An LLP is cheaper to run than a company, but the penalty structure is unforgiving because it has no upper limit.
Per Day, Per Form, No Cap
Unlike most MCA penalties there is no ceiling. Six months late on both annual forms comes to roughly ₹36,000.
Form 3, The Agreement
The LLP Agreement must be filed within 30 days of incorporation. Late filing accrues at the same uncapped daily rate.
Under-Stamping Penalty
An insufficiently stamped agreement is inadmissible in court, and the penalty can reach ten times the deficient duty.
Audit Threshold, Turnover
Statutory audit becomes mandatory once turnover exceeds ₹40 lakh, adding materially to annual cost.
Audit Threshold, Contribution
Audit is also triggered once partner contribution exceeds ₹25 lakh, independent of turnover.
Form 11 Before Form 8
The portal enforces the sequence. Form 11 must be filed before Form 8, so a delay on the first cascades into the second.
Who An LLP Actually Suits
It fits professional and services businesses with partners who are actively involved. It does not fit anyone planning to raise equity.
Professional Services Firms
Consultants, architects, designers, agencies, partners who work in the business and share profits rather than issue shares.
Businesses Wanting Limited Liability Without Company Compliance
Partner liability is limited, but there is no board, no AGM and no statutory audit until the thresholds are crossed.
Partnerships Formalising An Existing Arrangement
An existing unregistered partnership converting to a structure with legal personality and limited liability.
Ventures With No Equity-Funding Plan
An LLP cannot issue shares or grant ESOPs. If institutional funding is on the roadmap, a private limited is the correct structure.
What You Receive
Partner Setup
- DSC for each designated partner
- DPIN allotment where required
- Identity and address verification
Incorporation
- Name reservation via RUN-LLP
- FiLLiP incorporation filing
- Certificate of Incorporation
- PAN & TAN registration
Agreement & Compliance
- LLP Agreement drafted to your terms
- State stamp duty calculated and paid
- Form 3 filed within 30 days
- Year 1 compliance calendar
Four Steps, And The Agreement Is The One That Matters.
- 01
DSC And DPIN
Digital Signature Certificates for each designated partner, and Designated Partner Identification Numbers where they are not already held.
- 02
Name Reservation
We check the MCA register and the trademark register, then file RUN-LLP. A name cleared by MCA can still infringe a registered mark.
- 03
Incorporation, FiLLiP
We file the incorporation form with subscriber details and registered-office proof. PAN and TAN are issued alongside.
- 04
Agreement And Form 3
We draft the LLP Agreement around your actual profit share and management terms, stamp it correctly for your state, and file Form 3 inside the 30-day window.
One Fee, Stated Up Front.
Government charges and state stamp duty are billed at actuals. Stamp duty on the agreement varies widely by state, Karnataka is ₹500 flat, Delhi 1% capped at ₹5,000, Maharashtra 1% capped at ₹15,000, several North-East states ₹100.
Foundation
LLP registration with the essentials to start operating legally.
- LLP registration on MCA portal
- 2 DSC (Digital Signature Certificates)
- DPIN for 2 designated partners
- LLP Agreement drafting
- Certificate of Incorporation
- PAN & TAN registration
Six Reasons This Is Worth Doing Properly
Fixed ₹7,999 Fee
One professional fee, stated up front. Government charges and state stamp duty are billed at actuals and itemised.
Agreement Drafted, Not Templated
The LLP Agreement governs profit share, management rights and exit. We draft it around your actual arrangement rather than filing a generic form.
Stamp Duty Calculated Correctly
Duty is set by state on capital contribution and varies from ₹100 to 1% capped at ₹15,000. Under-stamping makes the agreement inadmissible in court.
Form 3 Filed On Time
The agreement must reach the MCA within 30 days of incorporation. We file it inside the window rather than leaving it to you.
Designated Partner Compliance
DPIN, DSC and annual KYC for every designated partner, tracked so nothing lapses and blocks a filing.
Honest About The Ceiling
An LLP cannot issue equity or grant ESOPs. If you intend to raise institutional money, we will tell you to incorporate a company instead.
Two Forms, Every Year, In This Order
Form 11, Annual Return
Filed first. Covers partner details and changes during the year. Due 30 May regardless of the financial year end.
Form 8, Account & Solvency
Statement of account and solvency. The portal will not accept it until Form 11 is filed.
Uncapped Late Fee
Per day, per form, with no ceiling. This is the single biggest difference from company filing penalties.
Audit Trigger
Statutory audit once turnover exceeds ₹40 lakh or contribution exceeds ₹25 lakh, whichever comes first.
Income Tax Return
Filed every year regardless of profit. An LLP is taxed at 30% plus applicable surcharge and cess.
Typical Annual Cost
Professional fees for annual compliance, before audit costs where the thresholds are crossed.
Asked Before Every LLP Registration
Fifteen Minutes With A Company Secretary. No Charge, No Pitch.
Tell us how the partners intend to split profits and who will run the business. If an LLP fits, we will register it. If a company fits better, we will say so.
or email us at consult@dhull.in